Wuxi Best Precision Machinery (SZ:300580) 智通财经网·2026-01-12 23:37Company Overview - The company, Zhenjiang Best New Materials Co., Ltd. (Best), is a well-established electronic functional enhancement materials company with a strong market position in acoustic enhancement materials, electronic ceramic materials, electronic adhesives, and energy enhancement materials [3] - Best has developed three core technology platforms: inorganic powder technology platform, polymer materials technology platform, and composite materials technology platform [3] - The company's electronic functional enhancement materials are primarily used to improve the acoustic, optical, thermal, and electrical performance of components and devices in consumer electronics and new energy sectors [3] Market Position - According to Frost & Sullivan, Best ranks first in the global acoustic enhancement materials market with a market share of 18.1%, second in the global LIB diaphragm coated alumina ceramic materials market with a market share of approximately 18.1%, fourth in the global acoustic adhesives market with a market share of 3.5%, and third in the global high-reflective glaze market with a market share of 5.0% [4] Production Capacity - As of September 30, 2025, the company has two production bases in China and has implemented a comprehensive production planning management system to ensure efficient utilization of manufacturing resources [6] - The utilization rates for various materials are as follows: acoustic enhancement materials at 96.7%, electronic ceramic materials at 75.7%, electronic adhesives at 83.3%, and energy enhancement materials at 66.7% [6] Financial Performance - The company's revenue for the fiscal years ending December 31, 2023, 2024, and for the nine months ending September 30, 2025, are approximately RMB 320 million, RMB 355 million, and RMB 460 million respectively [7] - The net profit for the same periods is approximately RMB 96.16 million, RMB 113 million, and RMB 118 million respectively [8] - The gross profit margins for these periods are 54.0%, 56.1%, and 46.1% respectively [9] Industry Overview - The demand for acoustic enhancement materials is highly dependent on the shipment scale of consumer electronic smart terminals, with global shipments expected to reach 2,572.1 million units by 2030, growing at a CAGR of 3.3% from 2024 to 2030 [11] - The global acoustic enhancement materials market size is projected to grow from RMB 1,003.7 million in 2020 to RMB 1,347.7 million in 2024, with a CAGR of 7.6%, and further to RMB 2,397.8 million by 2030, with a CAGR of 10.1% from 2024 to 2030 [13] - The global core electronic ceramic powder market is expected to grow from RMB 9.6 billion in 2020 to RMB 18.1 billion in 2024, with a CAGR of 17.1%, and reach RMB 52.8 billion by 2030, with a CAGR of 19.6% from 2024 to 2030 [15] - The global electronic adhesives market is projected to grow from RMB 32 billion in 2020 to RMB 38.2 billion in 2024, with a CAGR of 4.5%, and reach RMB 55.8 billion by 2030, with a CAGR of approximately 6.5% from 2024 to 2030 [18]